NNPC Commits to Achieving 2 Million bpd Oil Output by 2027
NNPC's CEO, Bashir Bayo Ojulari, reiterated the company's goal to boost Nigeria's oil production to 2 million barrels per day by 2027 and 3 million in the long term at the Abu Dhabi International Petroleum Exhibition and Conference. The focus is on partnerships, removing barriers, and attracting investments to transform Nigeria into an energy hub.
The company aims to work with OPEC, African peers, and financial institutions to secure $30-60 billion in fresh investments by 2030. President Bola Tinubu's agenda for economic diversification and energy sector growth is highlighted.
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